2024 Results - Plains All American Pipeline reported a fourth-quarter net income attributable to PAA of $36 million, a decrease of 88% from $312 million in the same quarter of 2023. For the full year, net income was $772 million, down 37% from $1.23 billion in 2023 [5][6][24]. - The company generated net cash provided by operating activities of $726 million in Q4 2024 and $2.49 billion for the full year, reflecting a 28% decrease in Q4 and a 9% decrease for the year compared to 2023 [6][7][24]. - Adjusted EBITDA attributable to PAA for Q4 was $729 million, slightly above guidance, and $2.78 billion for the full year, representing a 3% increase from 2023 [6][7][24]. Efficient Growth Initiatives - The company successfully closed three bolt-on acquisitions for approximately $670 million, including Ironwood Midstream Energy, which is expected to enhance operational capabilities [6][8]. - Plains continues to pursue synergistic and high-return bolt-on opportunities across its asset footprint, indicating a focus on strategic growth [6][8]. 2025 Outlook - For 2025, Plains expects Adjusted EBITDA attributable to PAA to be in the range of $2.80 billion to $2.95 billion [6][8]. - The company announced a distribution increase of $0.25 per unit, representing a 20% increase in the annualized distribution compared to 2024 levels, bringing the new annual distribution to $1.52 per unit [6][8]. - Plains anticipates generating approximately $1.15 billion of Adjusted Free Cash Flow in 2025, with a leverage ratio expected to be at or below the low end of the target range of 3.25x to 3.75x [6][8].

Core Viewpoint - Plains All American Pipeline is set to release its fourth-quarter financial results on February 7, 2025, with expectations of stable earnings and increased revenue compared to the previous year [1]. Financial Performance - Analysts predict quarterly earnings of 42 cents per share, unchanged from the same period last year [1]. - Projected quarterly revenue is $13.76 billion, up from $12.7 billion a year earlier [1]. Stock Offering and Market Reaction - On January 13, 2025, the company announced a $1 billion public offering of senior notes [2]. - Following the announcement, Plains All American Pipeline shares fell by 1.4%, closing at $20.01 [2]. Analyst Ratings and Price Targets - Raymond James analyst Justin Jenkins maintains a Strong Buy rating, raising the price target from $23 to $24 [3]. - Barclays analyst Theresa Chen holds an Underweight rating, increasing the price target from $18 to $19 [3]. - Scotiabank analyst Holly Stewart reinstated a Sector Outperform rating with a price target of $23 [3]. - Wells Fargo analyst Michael Blum downgraded the stock from Overweight to Equal-Weight, cutting the price target from $22 to $20 [3]. - Morgan Stanley analyst Robert Kad also downgraded the stock from Overweight to Equal-Weight, reducing the price target from $22 to $19 [3].

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: Plains All American Pipeline (PAA) Analysis - PAA has shown significant price momentum with a four-week price change of 19.9%, indicating growing investor interest [4] - Over the past 12 weeks, PAA's stock gained 20.7%, with a beta of 1.64, suggesting it moves 64% more than the market [5] - PAA has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - PAA is trading at a low Price-to-Sales ratio of 0.28, meaning investors pay only 28 cents for each dollar of sales, suggesting it is undervalued [7] Group 3: Additional Investment Opportunities - Besides PAA, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Various Zacks Premium Screens are available to help identify winning stock picks based on different investing styles [9]

Core Viewpoint - The article emphasizes the importance of value investing and highlights Plains All American Pipeline (PAA) as a strong value stock based on its financial metrics and Zacks Rank [2][4][7] Value Metrics - PAA holds a Zacks Rank of 1 (Strong Buy) and a Value grade of A, indicating strong potential for undervaluation [4][7] - The stock has a P/E ratio of 14.35, which is slightly below the industry average of 14.45, suggesting it may be undervalued [4] - PAA's P/B ratio is 1.26, significantly lower than the industry average of 2.39, indicating attractive valuation [5] - The P/CF ratio for PAA is 6.74, compared to the industry's average of 10.03, further supporting the notion of undervaluation [6] Historical Performance - Over the past year, PAA's P/E has fluctuated between a high of 15.23 and a low of 11.75, with a median of 12.77 [4] - The P/B ratio has ranged from a high of 1.26 to a low of 0.93, with a median of 1.08 [5] - PAA's P/CF ratio has seen a high of 6.77 and a low of 4.67, with a median of 5.83 [6] Conclusion - Overall, PAA's financial metrics suggest it is likely undervalued, and combined with a strong earnings outlook, it presents an impressive value investment opportunity [7]

Technical Analysis - Plains All American Pipeline, L.P. (PAA) has reached an important support level and is considered a good stock pick from a technical perspective [1] - PAA recently experienced a "golden cross" event, where its 50-day simple moving average broke above its 200-day simple moving average, indicating a potential bullish breakout [1][2] Golden Cross Explanation - A golden cross is formed when a stock's short-term moving average crosses above a longer-term moving average, typically involving the 50-day and 200-day averages [2] - The formation of a golden cross consists of three stages: a downtrend that bottoms out, the crossover of moving averages, and continued upward momentum [3] Recent Performance and Outlook - Shares of PAA have increased by 8.3% over the past four weeks, indicating positive momentum [4] - The company holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [4] - PAA's earnings outlook is positive, with no earnings estimates cut and one revision higher in the past 60 days, along with an increase in the Zacks Consensus Estimate [4]

Group 1 - Plains All American Pipeline (NASDAQ: PAA) serves as a significant indicator for both U.S. and global crude oil production, making its reports valuable for understanding oil markets [1] - The company has a history of resilience through various market crashes, indicating a robust operational framework [1] Group 2 - The article does not provide specific financial data or performance metrics related to Plains All American Pipeline or the oil industry [2][3]

HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) today announced that it and PAA Finance Corp., a wholly owned subsidiary of PAA, as co-issuer, have priced an underwritten public offering (the “Offering”) of $1 billion aggregate principal amount of 5.950% senior unsecured notes due 2035 at a price to the public of 99.761% of their face value. The Offering is expected to close on January 15, 2025, subject to the satisfaction of customary closing conditions. PAA inte ...

HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) today announced that it and PAA Finance Corp., a wholly owned subsidiary of PAA, as co-issuer, have priced an underwritten public offering (the "Offering") of $1 billion aggregate principal amount of 5.950% senior unsecured notes due 2035 at a price to the public of 99.761% of their face value. The Offering is expected to close on January 15, 2025, subject to the satisfaction of customary closing conditions. PAA inten ...

Plains All American Pipeline (PAA) shares ended the last trading session 6.2% higher at $18.73. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's no gain, no loss over the past four weeks.Plains All American Pipeline’s systematic investments to expand operations, joint ventures, ample liquidity, debt reduction, strong presence in the Permian Basin and non-core asset divestiture will drive its performance.Recently, th ...

Plains All American Pipeline (PAA 6.24%) already offers investors a lucrative income stream. The master limited partnership's (MLP) distribution yield is currently over 7%, which is well above the S&P 500's 1.2% dividend yield. That payout is heading even higher in 2025 after the MLP recently signed a series of deals to increase its cash flow. That's giving the oil pipeline company the fuel to boost its distribution by 20% this year. Going on a shopping spreePlains All American Pipeline recently unveiled th ...